Low cost airline easyjet has agreed to acquire GB Airways Ltd. for £103.5 million. The deal excludes the valueable slots GB Airways have at Heathrow.
GB Airways is primarily a London Gatwick based point-to-point airline operating to destinations across Southern Europe and North Africa under a franchise agreement with British Airways plc. easyjet will continue to fly the flights on behalf of BA until March 2008 when the flights will be flown as easyjet flights.
By buying GB Airways easyjet acquire GB Airways thirty nine routes made up of twenty eight from Gatwick, six from Manchester and five from Heathrow.